Using the data from Extract A and the information above, calculate the difference in percentage growth in air passenger numbers between 2015 and 2016 - Edexcel - A-Level Business - Question 1 - 2017 - Paper 1
Question 1
Using the data from Extract A and the information above, calculate the difference in percentage growth in air passenger numbers between 2015 and 2016. You are advise... show full transcript
Worked Solution & Example Answer:Using the data from Extract A and the information above, calculate the difference in percentage growth in air passenger numbers between 2015 and 2016 - Edexcel - A-Level Business - Question 1 - 2017 - Paper 1
Step 1
Calculate the number of people in 2016
96%
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Answer
From the information provided, it is stated that air passenger numbers were forecasted to be 3.75 billion in 2016 and 3.5 billion in 2015. Therefore, the number of people in 2016 is:
Find growth in air passenger demand from Extract A
96%
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Answer
From Extract A, the percentage growth in air passenger demand for 2015 is 6.7%.
Step 4
Calculate the difference
98%
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Answer
To find the difference in growth between 2015 and 2016:
[ 7.14% - 6.7% = 0.44% ]
Thus, the difference in percentage growth in air passenger numbers between 2015 and 2016 is approximately 0.44 percentage points.
